Saturday, June 03, 2006

Under the Shadow of Inflationomics

Hans Sennholz:

"Inflationomics, in popular terminology, indicates the sway of inflation thought in education and the affairs of government. It permeates political life and behavior, especially when economic policies are discussed and decided. It usually speaks well of an increase in the amount of money by a central bank and of deliberate expansion of bank credit in order to finance government deficits and stimulate economic activity. Inflationomics is a basic ideology of our time."

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